Copper Company's equity at the beginning of August 2011 was $450,000.During the month, the company earned net income of $90,000 and paid dividends of $30,000.At the end of August 2011, what is the amount of equity?

Question

Quizplus · Accepted Answer

The equity at the end of August is calculated as the beginning equity plus net income minus dividends: $450,000 + $90,000 - $30,000 = $510,000.

Copper Company's Equity at the Beginning of August 2011 Was